SADIMMO: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
What changed
SADIMMO
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€19,739
2024 · -€40,662+€20,923
Equity
€1.7m
2024 · €1.8m-€19,739
Cash
€28,668
2024 · €8,273+€20,394
Balance sheet total
€3.8m
2024 · €4.0m-€136,022
Largest movements
Assets
- Tangible fixed assets -€126,594
down €126,594 (-3.2%), from €3.9m to €3.8m
of which Land and buildings: -€118,029
Equity and liabilities
- Debts after one year -€76,145
down €76,145 (-5.5%), from €1.4m to €1.3m
of which Financial debts: -€64,403
- Reserves -€40,767
down €40,767 (-3.3%), from €1.2m to €1.2m
of which Tax-exempt reserves: -€40,767
Income statement
- Financial income +€12,448
up €12,448 (+1,866%), from €667 to €13,115
- Taxes +€6,724
up €6,724 (+16,811,025%), from €0 to €6,724
- Financial charges -€5,556
down €5,556 (-16.0%), from €34,640 to €29,083
- Write-downs +€2,877
new in 2025: €2,877
- Gross operating margin +€2,391
up €2,391 (+1.4%), from €167,237 to €169,628
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Result 2024
-€40,662
Gross operating margin
+€2,391
Depreciation
-€288
Write-downs
-€2,877
Other operating charges
+€864
Other operating items
+€9,553
Financial income
+€12,448
Financial charges
+€5,556
Taxes
-€6,724
Result 2025
-€19,739
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€143,103
Investment
-€25,588
Financing
-€97,120
Cash 2024
€8,273
From operations (derived)
+€143,103
Net result for the year
-€19,739
Depreciation
+€152,183
Receivables within one year
+€30,421
Deferred charges and accrued income
-€599
Provisions
-€19,684
Trade debts
-€5,382
Tax, wage and social debts
+€4,002
Advances received
+€594
Other debts
-€4,146
Accrued charges and deferred income
+€5,452
Investment (derived)
-€25,588
Investment in fixed assets (net)
-€25,588
Financing
-€97,120
Debts after one year
-€76,145
Current portion of long-term debt
+€193
Short-term financial debts
-€21,167
Cash 2025
€28,668
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,966,394 | €3,830,373 | -€136,022 | -3.4% |
| Fixed assets | 21/28 | €3,904,926 | €3,778,332 | -€126,594 | -3.2% |
| Tangible fixed assets | 22/27 | €3,904,926 | €3,778,332 | -€126,594 | -3.2% |
| Land and buildings | 22 | €3,692,469 | €3,574,440 | -€118,029 | -3.2% |
| Furniture and vehicles | 24 | €12,233 | €10,211 | -€2,022 | -16.5% |
| Other tangible fixed assets | 26 | €200,224 | €193,680 | -€6,544 | -3.3% |
| Current assets | 29/58 | €61,469 | €52,041 | -€9,428 | -15.3% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €47,229 | €16,808 | -€30,421 | -64.4% |
| Trade receivables | 40 | €34,661 | €7,915 | -€26,746 | -77.2% |
| Other amounts receivable | 41 | €12,567 | €8,893 | -€3,674 | -29.2% |
| Cash at bank and in hand | 54/58 | €8,273 | €28,668 | +€20,394 | +247% |
| Deferred charges and accrued income | 490/1 | €5,967 | €6,566 | +€599 | +10.0% |
| Total equity and liabilities | 10/49 | €3,966,394 | €3,830,373 | -€136,022 | -3.4% |
| Equity | 10/15 | €1,769,501 | €1,749,762 | -€19,739 | -1.1% |
| Contributions | 10/11 | €525,600 | €525,600 | = | 0.0% |
| Reserves | 13 | €1,243,795 | €1,203,027 | -€40,767 | -3.3% |
| Tax-exempt reserves | 132 | €1,016,767 | €975,999 | -€40,767 | -4.0% |
| Distributable reserves | 133 | €227,028 | €227,028 | = | 0.0% |
| Profit (loss) carried forward | 14 | €106 | €21,134 | +€21,029 | +19,868% |
| Provisions and deferred taxes | 16 | €485,668 | €465,984 | -€19,684 | -4.1% |
| Deferred taxes | 168 | €485,668 | €465,984 | -€19,684 | -4.1% |
| Amounts payable | 17/49 | €1,711,226 | €1,614,627 | -€96,599 | -5.6% |
| Amounts payable after more than one year | 17 | €1,374,218 | €1,298,072 | -€76,145 | -5.5% |
| Financial debts | 170/4 | €1,353,535 | €1,289,133 | -€64,403 | -4.8% |
| Other amounts payable | 178/9 | €20,682 | €8,940 | -€11,743 | -56.8% |
| Amounts payable within one year | 42/48 | €337,009 | €311,103 | -€25,906 | -7.7% |
| Current portion of amounts payable after more than one year | 42 | €203,728 | €203,921 | +€193 | +0.1% |
| Financial debts | 43 | €101,167 | €80,000 | -€21,167 | -20.9% |
| Credit institutions | 430/8 | €101,167 | €80,000 | -€21,167 | -20.9% |
| Trade debts | 44 | €18,457 | €13,075 | -€5,382 | -29.2% |
| Suppliers | 440/4 | €18,457 | €13,075 | -€5,382 | -29.2% |
| Advances received on contracts in progress | 46 | - | €594 | +€594 | |
| Taxes, remuneration and social security | 45 | €5,707 | €9,709 | +€4,002 | +70.1% |
| Taxes | 450/3 | €2,822 | €9,709 | +€6,887 | +244% |
| Remuneration and social security | 454/9 | €2,885 | €0 | -€2,885 | -100% |
| Other amounts payable | 47/48 | €7,949 | €3,803 | -€4,146 | -52.2% |
| Accrued charges and deferred income | 492/3 | - | €5,452 | +€5,452 | |
| Non-recurring operating income | 76A | - | €245 | +€245 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €151,894 | €152,183 | +€288 | +0.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €2,877 | +€2,877 | |
| Other operating charges | 640/8 | €32,162 | €31,299 | -€864 | -2.7% |
| Non-recurring operating charges | 66A | €9,553 | €0 | -€9,553 | -100% |
| Gross operating margin | 9900 | €167,237 | €169,628 | +€2,391 | +1.4% |
| Operating profit (loss) | 9901 | -€26,373 | -€16,730 | +€9,643 | +36.6% |
| Financial income | 75/76B | €667 | €13,115 | +€12,448 | +1,866% |
| Recurring financial income | 75 | €667 | €13,115 | +€12,448 | +1,866% |
| Financial charges | 65/66B | €34,640 | €29,083 | -€5,556 | -16.0% |
| Recurring financial charges | 65 | €34,640 | €29,083 | -€5,556 | -16.0% |
| Profit (loss) for the period before taxes | 9903 | -€60,345 | -€32,698 | +€27,647 | +45.8% |
| Transfer from deferred taxes | 780 | €19,684 | €19,684 | = | 0.0% |
| Income taxes | 67/77 | €0 | €6,724 | +€6,724 | +16,811,025% |
| Profit (loss) for the period | 9904 | -€40,662 | -€19,739 | +€20,923 | +51.5% |
| Transfer from tax-exempt reserves | 789 | €40,767 | €40,767 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €106 | €21,029 | +€20,923 | +19,768% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.